All Forum Posts by: Dustin M.

William,

That makes perfect sense. I'm still trying to learn the ropes when it comes to mobile home investing. I still made money on my last deal bought it for $2,250 and put $800 to fix up and sold it for $7,000 CFD. However, it seemed like I could of gotten away without doing much in repairs (I could of dropped that to probably $200 and still of sold it for $7,000 CFD).

I am working on some other deals and I told my handy men that I want to do the bare minimum to resell the mobile home (fix floor damage, reseal roofs, etc.)

Yep this home does not have to be moved, that is why I'm considering taking it. I need to check on the title to make sure that there are not any existing liens on the property too.

Anyone have any luck making money on older mobile homes given to you by individuals that want to move out of the park?

While I was purchasing a mobile home from an individual their friend talked to me and asked if I wanted a free mobile home. I checked inside and some spots on the floor need to be fixed and the ceiling had some problems.

Anyone else have any experience with receiving free mobile homes (that need work done to them) and trying to sell them?

Hi,

I have 5 acres that would make an awesome building site out in the country. Someone has expressed interest in buying the land contract for deed and putting a double wide mobile home with a permanent foundation on the land.

I am fine with selling the land contract for deed I was just wondering what would happen if the buyer defaulted on their payment while still making payments on their double wide mobile home? Would I get a free home out of the deal or would I be responsible for paying the lien holder of the mobile home?

Perhaps I should write in the sales contract that all improvements made to the land will not be reimbursed in case of default (not sure if this covers me 100% though :cry: )

Hi Ali,

I'm doing my own research for who to mail. I'm only looking to invest within my own county at the moment so each night I'm on the counties website looking up lis pendings and probate cases.

I'm going to try my best with these letters Brian.

Paying my friend to hand write the envelope and the letter inside along with using a first class stamp will be expensive. However from the research I've done about yellow letters this maximizes the chances that the individual will open up and read the letter.

I guess I'll be eating rice and beans, beans and rice until I get my first extra deal of the year done from yellow letters :)

I went to the post office to tell them my situation. They told me that you need to mail a minimum of 200 letters to qualify for the bulk rate. However, the person I spoke with told me that I wouldn't qualify for the bulk rate because my letters are personal (which I think is bogus).

I guess I'm stuck with buying $0.44 stamps.

Here are my initial costs to mailing out yellow letters

$0.20 to $0.50 to my friend per handwritten letter (depends on length of letter / postcard).

$0.026 per envelope

$0.01 piece of yellow paper

$0.44 for the stamp

Total: $0.676 to $0.976 per yellow letter

Hi,

I want to get started with yellow letters to people who are in preforclosure and estates that are going thru probate.

One of the things I want to make sure is not to go broke mailing out the letters! I'm looking to mail approximately 15 letters a night.

I was hoping that this post could list some helpful hints to reduce the cost of producing and mailing yellow letters / yellow postcards.

Thanks,

Dustin

I am going to see the park owner this week. I'll keep you guys updated on what I end up doing.